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Posts by Professor Richard D. Wolff

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Axios AM - 1 big thing: China wins by watching

#WolffBites: When one empire (the US) declines, it often denies its decline yet also takes desperate risks to slow the decline. The unwanted result: faster decline and faster rise of the next empire (China).

www.axios.com/newsletters/...

8 hours ago 14 5 1 0
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Axios AM - ⛈️ Airline industry shakeup

#WolffBites: The US-Israel-Iran war closes Hormuz and thus ups prices of oil and jet fuel. US airlines react by protecting their profits at the ex;pense of all who need airlines. Capitalist "patriotism."

www.axios.com/newsletters/...

2 days ago 11 6 0 0
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Klas: Florida’s embrace of ICE comes at a cost Florida is dramatically — but quietly — changing the way immigration enforcement is practiced. The state’s Republican leaders have made it a testing ground for the aggressive immigration enforcement t

#WolffBites: Finally, recognition of the immense social costs of scapegoating immigrants. Should have been obvious before; downright self-destructive in/for the US now.

www.columbian.com/news/2026/ap...

3 days ago 22 9 0 0
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LIVE NOW: Richard Wolff Joins Lee Camp Livestream! Lee Camp on Substack

Hello friends join me and @leecamp.bsky.social now

open.substack.com/live-stream/...

5 days ago 9 3 0 0
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The Iran war could cost the American taxpayer $1 trillion, says Harvard academic As efforts to reach a lasting settlement have so far proved unsuccessful, one Harvard academic estimates the total could end up far higher than was promised.

#WolffBites: Harvard study estimates cost to the US of the Iran war will be $1 trillion. That's money NOT used for all the other services the gov't could provide to us instead of a deadly war.

www.cnbc.com/2026/04/14/i...

6 days ago 30 16 2 5
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All new episode of #EconomicUpdate @profwolff.bsky.social on the #Economic Implications of the US #War on #Iran! Watch it at 4:30 ET here: www.youtube.com/watch?v=mffk... @democracyatwork.bsky.social

1 week ago 10 2 1 1
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Hollywood Heavyweights Sign Letter Opposing Paramount’s Deal for Warner Bros.

#WolffBites: Hollywood megacorps put profits first. Hollywood creatives (writers, actors, directors) put their arts, skills, and their audience - us - first. Their fight against the profiteers is ours as well.

www.nytimes.com/2026/04/13/b...

1 week ago 17 1 1 1
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Opinion | The War Is Turning Iran Into a Major World Power

#WolffBites: After world war 2, US power and its dollar took control of global oil business and thereby ran the US empire. Now the decline of that empire plus control of the Strait of Hormuz gives Iran global power.
www.nytimes.com/2026/04/06/o...

1 week ago 36 14 3 0
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From coffee to home prices, costs are up everywhere Though overall inflation is somewhat tame at an annual rate of 2.4% — with average hourly earnings growth so far outpacing that increase — Americans continue to reel from prices that soared during the...

#WolffBites: US prices up almost 1% in March alone. Employers blame war, global oil crisis, etc for cost increases "requiring" price increases. But employers up prices even more: to juice their profits. Consumers lose.

finance.yahoo.com/economy/arti...

1 week ago 22 8 1 1

#WolffBites: What a declining US empire costs: thousands dead and wounded in Iran, Lebanon, Israel and the US; $ billions wasted; global inflation, deranged leaders.

1 week ago 27 7 1 1
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Connecting the War on US Workers with the War on Iran | Countercurrents I was asked to speak to a group in the San Francisco Bay Area about the war on the US working class and the war on Iran, which I did on March 29 (2026) (See video at https://icssmarx.org/

#WolffBites: In declining US empire, rich leaders stay that way by shifting costs of decline onto workers at home and abroad.

countercurrents.org/2026/04/conn...

1 week ago 29 18 1 0
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JPMorgan Chase CEO Jamie Dimon warns of business ‘exodus’ from NYC as Mamdani, lefty pols push for tax hikes JPMorgan Chase CEO Jamie Dimon took a swing at New York City Mayor Zohran Mamdani’s far-left policy proposals on Monday, saying crushing taxes and red tape are already sparking a “large…

#WolffBites: No surprise: Jeffrey Epstein's banker threatens that rich and businesses may leave if NYC Mayor Mamdani dares tax them. Shame on Dimon.

nypost.com/2026/04/06/b...

1 week ago 25 12 4 0
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NYC Families Need Over $125,000 in Income to Live in Any Borough New York families need six-figure incomes to live without government assistance in all five boroughs of New York City, according to two new reports.

#WolffBites: Fact: 46% of New York City residents barely survive, need help beyond their income. The "great" economy Trump boasts about.

www.bloomberg.com/news/article...

2 weeks ago 32 9 1 1
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Pope Leo calls for global leaders to choose peace in his first Easter Mass Pope Leo XIV addressed thousands of worshippers gathered in St Peter's Square on Easter Sunday in his first address as pontiff.

#WolffBites: Stunning contrasts: US Pope calls for peace as US president threatens war and destruction.

www.bbc.com/news/article...

2 weeks ago 30 10 2 2
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New attorney general says he isn’t releasing any more Epstein files ‘So I think to the extent the Epstein files was a part of the past year of this Justice Department, it should not be a part of anything going forward,’ interim Attorney General Todd Blanche said

#WolffBites: Trump's new attorney general promises to keep Epstein scandal off the news better than Bondi did.

www.independent.co.uk/news/world/a...

2 weeks ago 40 17 7 3
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Wolff Responds: "The Iran War: The Epstein Class Profits, The People Pay" Dated April 1, 2026 Happy Birthday Professor Wolff!!

Yesterday's Wolff Responds: "The Iran War: The Epstein Class Profits, The People Pay" Dated April 1, 2026

open.substack.com/pub/democrac...

2 weeks ago 18 6 1 0
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Axios PM - 📺 Dimon on Trump, Iran and running for office

#WolffBites: Jamie Dimon like Trump says Iranians "killed people for 45 years." Forgets US in Iraq, Afghanistan, Caribbean boats. 

www.axios.com/newsletters/...

2 weeks ago 23 6 1 1
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Hundreds of hospitals across the US threatened by Medicaid cuts, report says The hospitals serve 6.6 million Americans across 44 states and Washington, D.C.

#WolffBites: Iran war profits few, costs many. Expensive bombs to kill Iranians while Medicaid cuts 8 million Americans' health insurance.

www.independent.co.uk/news/health/...

2 weeks ago 25 8 5 2
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Will Trump Go Kamikaze? There is much talk about President Trump preparing to launch a ground attack against Iran.

#WolffBites: Is Trump taking us on a kamikaze mission in Iran?

mearsheimer.substack.com/p/will-trump...

3 weeks ago 18 6 2 0
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Iran War’s Gas Supply Shock Pushes Top Consumers Back to Coal A deepening conflict in the Persian Gulf has upended oil and gas markets. It may also have provided coal — the dirtiest fossil fuel — with its most significant boost in years.

#WolffBites: US/Israel war on Iran costs our world: more pollution from coal as limited gas availability leads to burning more coal instead.

www.bloomberg.com/news/article...

3 weeks ago 17 7 2 0
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Trump moves to shield farmers rattled by tariffs and war. But the U.S. is already doling out $10B to near-millionaire and even billionaire farmers A recent Cato Institute post outlined how the federal crop insurance program bolsters wealthy farmers.

Trump spends $ billions on endless wars and US's richest farm companies. Just not for workers, students, small businesses. MAGA priorities.

finance.yahoo.com/economy/poli...

3 weeks ago 26 7 2 1
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Millions rally across the US in anti-Trump 'No Kings' protests Demonstrators decrying U.S. ​President Donald Trump's policies took to city streets across the country on Saturday in the third edition of the "No Kings" rallies which organizers ‌hope will be the lar...

#WolffBites: March 28's immense political engagement should not be constricted or constrained into merely voting for democrats.

ground.news/article/mill...

3 weeks ago 24 4 2 0
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Wall Street Bonus Pool Jumps to a Record $49.2 Billion for 2025 Average Wall Street bonuses jumped to a record last year, with the total pool for payouts rising to $49.2 billion as profits and revenues soared.

#WolffBites: Why Wall Street supports Trump and his endless wars: record multi $ billion bonuses for Wall Street this year. Wall street profits even as its empire delines.

www.bloomberg.com/news/article...

3 weeks ago 17 10 3 1
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NYU Faculty Strike as Union and University Reach Impasse on Wages More than 900 non-tenure track NYU professors went on strike on Monday morning, as students returned from spring break.

#WolffBites: Education everywhere is under attack. Unionized workers lead the fighting back - for all who depend on an educated people. In other words, for all of us. Fund schools not wars.

www.thecity.nyc/2026/03/23/n...

3 weeks ago 24 9 1 0
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Axios AM - 1 big thing: Washington ignores America's fiscal cliff

#WolffBites: US fiscal crisis worsening: (1) Iran war to cost $50-$200 billion, (2) SCOTUS ruling ends tariffs, forces refunds, (3) 2027 war department budget to rise from $900 billion to $1.5 trillion. US becomes debt addict.

www.axios.com/newsletters/...

4 weeks ago 23 11 2 1
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Pentagon Seeks $200 Billion to Fund Iran War

#WolffBites: Trump wants $200 billion more for Iran war. That exceeds a full year of Trump's tariff receipts. Will mean big gov't budget deficit this year plus higher gov't debt to be repaid with our future taxes.

www.nytimes.com/2026/03/19/w...

1 month ago 14 5 3 0
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Wolff Responds: "US & Europe: A Messy Divorce" Dated March 18, 2026 Today’s Wolff Responds: Professor Wolff responds to the growing rift between the United States and its European allies highlighted by its refusal currently to participate in Trump's war in Iran.

Wolff Responds: "US & Europe: A Messy Divorce" Dated March 18, 2026
democracyatwork.substack.com/p/wolff-resp...

1 month ago 11 4 0 0
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#WolffBites: US has worst maternal death record in the industrial world. Situation worsened in recent decades. Yet another cost of having a failed profit-profit-driven healthcare system.

1 month ago 34 21 1 4
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US Regulators Unveil Plans to Ease Big Bank Capital Rules Wall Street lending giants would get relaxed capital requirements under proposals unveiled by the Federal Reserve on Thursday, in a move that could potentially unleash billions of dollars for lending,...

#WolffBites: Fed + Trump cut bank regulations to up bank profits by $ billions. Despite war and declining jobs, rising inflation risks, US gov't never stops serving big capitalists.

www.bloomberg.com/news/article...

1 month ago 20 7 2 1
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#WolffBItes: A changed world economy frustrated (1) collective West-Ukraine war against Russia and (2) US-Israel war on Iran. Will that lesson be learned?

1 month ago 15 8 1 0